President Donald Trump said he agreed to allow Huawei to purchase U.S. products and China will buy 'large amounts' of American farm produce.
due to national security concerns. Trump's apparently softer stance on the Chinese tech giant was seen by some observers as a major concession that the U.S. has granted China.
"It is looking like, so far, China is coming out as a winner from this G-20," Francesco Filia, chief executive and chief investment officer at asset management firm Fasanara Capital, told CNBC's"It's not even clear what they gave up in order to get it," he said, noting there was a lack of details about what the two leaders agreed on at the meeting.
Back home, both the U.S. and China governments appeared to tread Trump's Huawei announcement with caution.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Stocks are surging after Trump strikes a truce in the US-China trade war'Trump and Xi gave investors what they wanted at the G20 meeting in Osaka this Saturday: hope.'
Consulte Mais informação »
Trump calls Joe Biden 'Obiden' while bashing Obama’s trade policy with ChinaDonald Trump coined a new nickname for Obama's VP during his interview with Tucker Carlson.
Consulte Mais informação »
Trump says renewed trade talks with China have 'already begun'Trump and Xi had agreed during a bilateral meeting at the summit in Osaka, Japan, to hold off on imposing new tariffs on each other's goods.
Consulte Mais informação »
Despite China concessions, Trump encouraged to keep pressure on HuaweiPresident Trump announced Saturday that Huawei, which became one of the major pivot points of trade negotiations between the US and China, would be free to buy some products from US tech companies.
Consulte Mais informação »